CAP Services was awarded a $20,000 Corporation for Enterprise Development (CFED) Family Financial Empowerment Initiative (FFEI) grant to help build the financial capabilities of low-income individuals and families.
“We’re excited about this project. CFED’s approach ensures clients play a major role in identifying the knowledge, skills and access that will allow them to manage their financial resources effectively,” said Erin Olson, CAP’s Project Development Coordinator. “The initiative aligns well with CAP’s participatory approach of engaging low-income residents in shaping the programs and services they need.”
Through the grant, CFED will provide 11 months of technical assistance, working with CAP to integrate financial capability services into CAP’s existing programs, including its Fresh Start and Skills Enhancement programs.
Fresh Start, a Waupaca-based YouthBuild program with an annual enrollment of 20, provides opportunities to at-risk youth ages 16-24 to work toward their high school equivalency diploma, pursue post-secondary educational opportunities, and develop workplace and life skills while they build affordable housing for low-income families.
Each year, the Skills Enhancement program, based in Outagamie, Portage, Waupaca and Waushara counties, provides case management and financial assistance to 160 individuals working at least part-time who wish to pursue occupations with better pay and employer-sponsored health insurance.
“The focus of these programs on increasing participants’ earning capacity makes them well-suited for integrating financial capability activities,” said Olson.
In 2016, CFED will convene a regional lessons learned summit for organizations in Wisconsin, Idaho, Minnesota, North Dakota, Oregon, South Dakota and Washington. Participating organizations will attend the summit to share lessons learned under the project and learn from others doing similar work in other states.
Established in 1979, CFED works nationally and internationally through its offices in Washington, DC; Durham, North Carolina; and San Francisco, California to empowers low- and moderate-income households to build and preserve assets by advancing policies and programs that help them achieve the American Dream, including buying a home, pursuing higher education, starting a business and saving for the future.